April 15, 2014 / 6:00 AM / 3 years ago

Italy's Campari buys Sicilian rival Averna

MILAN, April 15 (Reuters) - Italian drinks group Davide Campari has agreed to buy Fratelli Averna in a deal valuing the Sicilian spirits company that makes Averna, Italy’s second best-selling bitter, at 103.75 million euros ($143 million).

The Averna group owns a portfolio of premium brands, among which are, Braulio, a herb-based bitter, and Grappa Frattina, through which Campari enters the grappa category, it said in a statement on Monday. (Reporting by Valentina Za)

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